As the business of luxury shows swift signs of a rebound in China and beyond, luxury brands need to prepare now for the next challenge. Image credit: Prada, Haitong Zheng The third wave: After COVID-19 and economic hardship, what is luxury’s next challenge?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Marketing | No Comments
As the business of luxury shows swift signs of a rebound in China and beyond, luxury brands need to prepare now for the next challenge. Image credit: Prada, Haitong Zheng 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","iv":"671813d7749e51fd3dc6c4b06646dad4","s":"7ad59a41ade4260c"}